Jernigan Capital Inc (JCAP) Given Average Recommendation of “Buy” by Brokerages

Jernigan Capital Inc (NYSE:JCAP) has been assigned an average recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $24.40.

A number of brokerages have weighed in on JCAP. B. Riley set a $25.00 target price on shares of Jernigan Capital and gave the stock a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 8th. ValuEngine downgraded shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. TheStreet downgraded shares of Jernigan Capital from a “b-” rating to a “c” rating in a research note on Friday, November 10th. Finally, BidaskClub raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th.

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Jernigan Capital (NYSE:JCAP) opened at $17.55 on Tuesday. Jernigan Capital has a 12 month low of $15.90 and a 12 month high of $24.89. The firm has a market cap of $249.88 and a PE ratio of 12.19.

In related news, Director James D. Dondero sold 23,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $19.27, for a total transaction of $443,210.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.18% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC bought a new stake in shares of Jernigan Capital during the fourth quarter worth approximately $802,000. Lido Advisors LLC raised its stake in shares of Jernigan Capital by 43.6% during the fourth quarter. Lido Advisors LLC now owns 111,998 shares of the real estate investment trust’s stock worth $2,129,000 after buying an additional 33,998 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Jernigan Capital by 24.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 31,063 shares of the real estate investment trust’s stock worth $591,000 after buying an additional 6,059 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Jernigan Capital by 25.1% during the fourth quarter. Teachers Advisors LLC now owns 23,613 shares of the real estate investment trust’s stock worth $449,000 after buying an additional 4,742 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Jernigan Capital by 22.7% during the fourth quarter. Raymond James & Associates now owns 109,953 shares of the real estate investment trust’s stock worth $2,090,000 after buying an additional 20,321 shares during the last quarter. 70.72% of the stock is owned by institutional investors and hedge funds.

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Jernigan Capital Company Profile

Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.